SOURCE: Jewish Free Loan Association

Jewish Free Loan Association

February 16, 2010 10:15 ET

The JFLA Announces Interest-Free Loans for Environmental Upgrades to Residences and Small Businesses

LOS ANGELES, CA--(Marketwire - February 16, 2010) -  The Jewish Free Loan Association (JFLA) is proud to announce the launch of an exciting new program -- The Green Loan Fund. The fund will make available interest-free loans for environmental upgrades to residences and small businesses. Upgrades include compact fluorescent light bulbs, shower and sink aerators, energy star appliances, double pane energy efficient windows, environmentally wise building materials, drip irrigation systems, additional insulation, ceiling fans and other improvements that capitalize on helping to preserve the earth. 

JFLA recently launched the fund at an exclusive event held at a private home in Brentwood. Featured speakers included Ed Begley, Jr., actor and activist and a key player in developing the fund guidelines, and David Nahai, Senior Advisor to the Clinton Climate Initiative. The event helped raise seed money for the fund so that JFLA can begin offering loans to Los Angeles County residents. JFLA hopes to raise an additional $3 million over the next year to augment the fund.

Loans of up to $5,000 will be made available to qualifying borrowers who have participated in a home energy audit. A home energy audit is the first step to assess how much energy homes and small businesses consume, and to evaluate what measures can be taken to make a home or small business more energy efficient. An audit will indicate problems that may, when corrected, reduce energy bills by as much as hundreds of dollars annually, saving significant amounts of money over time. The efficiency of a home or small business' heating and cooling systems and methods to conserve water and electricity can also be determined during the audit. JFLA has partnered with L.A. Trade Tech to administer the audits free of charge.

The Jewish Free Loan Association is a nonprofit agency offering assistance to people of all faiths facing financial challenges. For over 100 years, JFLA has provided a helping hand instead of a handout to hundreds of thousands of people through interest-free loans for emergencies, education, developing small businesses, healthcare and life cycle events. The assistance JFLA provides is unique, offering cash in hand to promote self-sufficiency with dignity. For more information on qualifications and procedures, visit the JFLA web site at www.jfla.org or call (323)761-8830.

Contact Information

  • Media Contact:
    Elana Vorspan
    Jewish Free Loan Association
    (323) 761-8830, Ext. 104
    Email Contact